E-commerce Policy in Pakistan Finalized – Research Snipers

E-commerce Policy in Pakistan Finalized

Ministry of Commerce (MoC) will submit the final e-commerce policy to the PM office. The recommendations that were given by the Prime Minister Secretariat have been accommodated in the policy and now the final e-commerce policy of Pakistan will be submitted for cabinet approval. Once the policy is approved, it will be implemented in Pakistan with an aim to improve and boost the digital economy of the country.

MoC officials stated that the e-commerce Policy Framework is finalized after a suggestion of PM secretariat was added. On April 29th 2018 the draft will be given to the PM office for final approval.

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Officials said, “The prime minister had earlier, after examining the draft policy, had instructed the ministry to extend more facilities to flourish digital business instead of focusing on regulating the industry. The PM felt that an increasing number of regulations would resultantly discourage online trading activities.”

As per sources MoC will establish a separate department to help the online firms registrations instead of leaving it on Securities and Exchange Commission of Pakistan (SECP). The reason for separating is that people having small businesses are hesitant to register the firm via SECP. The sources said, “A man doing an online business from home will be reluctant to register a firm with the SECP. The proposed facilitation cell at MoC will help people associated with online businesses.”

The first aim of the e-commerce policy is to help online businesses at a local level. The second aim is to help import & export of goods through online procedure.

The Prime Minister’s Office told the Ministry to draft e-commerce policy after consultation will all stakeholders. Thus, the ministry established National Advisory Council (NAC) & E-commerce Policy Unit (ECPU) that included all stakeholders from public and private sector. As per the suggestions given by the stakeholders the MoC developed an action plan catering issues which included the enactment of the national Law on Consumer Protection which includes provisions for seller protection, stating rights, obligations, responsibilities, and penalties for the seller and the consumer.